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Highlights


    Three Months Ended
    March 31/98   March 31/97  
Financial (in millions) (unaudited)            
  Revenue $132     $114    
  Earnings from operations 26     27    
  Net earnings 18     14    
  Cash provided by (used in) operations 22     (4 )  
  Working capital (end of period) 425     157    
  Capital employed (end of period) 2,142     1,805    
  Long-term debt (% of capital employed) 13.3%     14.5%    
 
Per common share            
  Net earnings $0.31     $0.27    
  Cash provided by (used in) operations 0.38     (0.07 )  
  Dividend 0.125     0.125    
  Weighted average number of paid common shares outstanding (in thousands) 57,216     53,032    
 
Average uranium spot price for the period (US$/lb) $11.27     $13.77    
Note: Currency amounts are expressed in Canadian dollars unless stated otherwise.